In January-October Russia exported 200.8 thousand tons of rails, up by 19% and the highest result in the past 7 years. Pakistan was the main importer of Russian rails – 39.4 thousand tons, up 6-fold. Belarus imported 31.4 thousand tons, up 2.4-fold, followed by South Korea (21.8 thousand tons, up by 75%). For the first…
DetailsThe Prime Minister of Ukraine Vladimir Groysman supports the finishing of the Novovolynskaya Mine No. 10 construction in Volyn region. “The mine has to be constructed. That’s some 400-500 million UAH”, he said. The construction began in late 1980-s, and was actively resumed in December 2007. As of early 2013 the construction was 87% complete,…
DetailsAn expert, Doctor of Technical Sciences Duyshenbek Kamchybekov, said why Kyrgyzstan should not agree to 100% share in Kumtor Gold Company CJSC. According to him, the reserves at the mine will be depleted in the near future. “Mining works will be completed by 2023. While Kumtor has been working since 1997, thanks to its money,…
DetailsArcelorMittal Kriviy Rih has finished the construction of the first stage of the Centralnoye tailings pond. According to the company statement, the pond is used to store empty ore and processing waste. The volume of the pond is 13.8 million cubic meters. The project cost is $10.7 million. AMKR also uses two more tailings ponds…
DetailsIn January-November industrial output in Donetsk region decreased by 12.4% YoY, and in November – by 10.3% YoY, but grew by 3.6% MoM. In November coke output increased by 1.1%, metal – by 3.7%, and coal – by 20.1%, all MoM. At the same time, in YoY terms coke manufacture dropped by 6.1% and metal…
DetailsIn mid-December Russian Platinum submitted a new development project of the Chernogorskoye platinum-copper-nickel deposits to the Federal Agency of Subsoil Use. The company intends to start mining in January 2021. In case of the positive reply from the agency, the company will have 36 months to construct a mining and processing works at the site…
DetailsIn 2017 Izhstal has increased sales of speed steel products by 47% YoY. The main consumers of this steel are local military and car manufacturers: Kalashnikov Concern, Kazan Helicopter Works, Sukhoy, Kamaz, UAZ, etc. The products are also exported to Belarus (MAZ and Belcard). Izhstal is the only Russian producer of cold-rolled belt of speed…
DetailsThe Uralelectromed subsidiary – The Manufacture of Non-Ferrous Metals Alloys – has started commissioning the main equipment of the new mini combined heat and power plant. The commissioning will be carried out in two stages, and the mini-CHPP is expected to be put in operation in late January 2018. Investments in the project totaled 187…
DetailsThe construction of new steelsmelting capacities by China in the Russian Far East is not only against the Global steel forum ideology, but also against the industry meetings decisions taken in 2016. “The idea of the Chinese metal makers to create capacities outside of China is the aim of their industry to decrease environment impact”,…
DetailsThe chairman of the Vnesheconombank Sergey Gorkov said that the strategy on the Industrial Union of Donbass corporation was developed last year. “Some time is needed to carry it out. The Fund of investment assets appeared as a part of this strategy implementation. Has this strategy not been implemented, that would have been a really…
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